From The Manager’s Desk

I thought it would be interesting to provide a few facts regarding Home Owners Associations in the United States. Here are some facts and figures about Community Associations: Did you know that…*2 million – number of homeowners who serve on association boards and committees, *3.5 million – community association board and committee meetings per year, *$850 million – value of the time donated annually by volunteers to their community associations, *$35 billion – amount maintained in reserve accounts for long-term replacement of commonly held property, *$40 billion – assessments collected annually to fund services, utilities and amenities in community associations, *92% of residents state that they are not dissatisfied with their community association experience (70% satisfied, 22% neutral)

Over the past 40 years, there has been real boom in the growth of community associations like Spring Ridge.1970 10,000 community associations 701,000 housing units 2.1 million residents1990 130,000 community associations 11.6 million housing units 29.6 million residents2010 309,600 community associations 24.8 million housing units 62 million residents2012 323,600 community associations 25.9 million housing units 63.4 million residents

As you can see, being a member of Spring Ridge makes you a part of a very large industry.

*February 2012 IBOPE Zogby International survey of Americans who live in common-interest communities.